GHP Investment Advisors Inc. increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,262 shares of the semiconductor company’s stock after purchasing an additional 1,906 shares during the period. GHP Investment Advisors Inc.’s holdings in Analog Devices were worth $2,783,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ADI. Sit Investment Associates Inc. increased its holdings in Analog Devices by 381.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,010 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in Analog Devices in the 4th quarter valued at $121,000. Fieldpoint Private Securities LLC increased its holdings in Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 705 shares during the last quarter. Clear Perspective Advisors LLC increased its holdings in Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in Analog Devices in the 4th quarter valued at $130,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

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In related news, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $88.83, for a total transaction of $621,810.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $89.89, for a total transaction of $898,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,618 shares of company stock valued at $7,554,228. 0.70% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on ADI. Morgan Stanley reiterated an “overweight” rating and issued a $103.00 price target (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. Stifel Nicolaus reduced their price target on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a report on Tuesday, November 21st. B. Riley reissued a “buy” rating and issued a $122.00 price objective (up from $113.00) on shares of Analog Devices in a research note on Wednesday, February 28th. Finally, Piper Jaffray Companies began coverage on shares of Analog Devices in a research note on Monday, December 18th. They issued a “neutral” rating and a $92.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $100.57.

Analog Devices, Inc. (ADI) opened at $94.66 on Wednesday. Analog Devices, Inc. has a 52 week low of $74.65 and a 52 week high of $98.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.71. The company has a market cap of $35,327.34, a PE ratio of 18.51, a P/E/G ratio of 1.43 and a beta of 1.25.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 54.4% compared to the same quarter last year. analysts predict that Analog Devices, Inc. will post 5.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.03%. Analog Devices’s payout ratio is currently 91.87%.

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